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Posts Tagged ‘Bankers’

Capitalism

January 24, 2013 1 comment

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This Is What Happens When You Allow Your Country To Become Enslaved To The Bankers


Tuesday, 21 August 2012

‘Why are Greece, Spain, Italy, Portugal and so many other countries experiencing depression-like conditions right now? It is because they have too much debt. Why do they have too much debt? It is because they allowed themselves to become enslaved to the bankers. Borrowing money from the bankers can allow a nation to have a higher standard of living in the short-term, but it always results in a lower standard of living in the long-term. Why is that?

It is because you always have to pay back more money than you borrowed. And when you get to the point of having a debt to GDP ratio in excess of 100%, you are basically drowning in debt. Huge amounts of money that could be going to providing essential services and stimulating your economy are now going to service your horrific debt. Today, citizens in Greece, Spain, Portugal and Italy are experiencing a standard of living far below what they should be because the bankers have trapped them in endless debt spirals.

Sadly, the vast majority of the people living in those countries have absolutely no idea what is at the root cause of their problems. The truth is that no sovereign nation on earth ever has to borrow a single penny from anyone.’

Read more: This Is What Happens When You Allow Your Country To Become Enslaved To The Bankers

Obama’s Justice Department Rushes to the Rescue of LIBOR Criminals


Friday, 20 July 2012

‘The Justice Department has launched a flurry of phony investigations in the LIBOR scandal, with the ultimate aim of protecting the banks from the consequences of their crimes. That’s the same role the Obama administration played in the “robo-signing” scandal: immunizing the criminals. In the LIBOR scheme, Attorney General Holder and his crew will try to shield the banksters “from legal action by a host of other government agencies and, ultimately, from the global universe of parties that have been harmed by the bankster’s schemes.’

Read more: Obama’s Justice Department Rushes to the Rescue of LIBOR Criminals

The Bank of England Told Us to Do It, Claims Barclays


Thursday, 05 July 2012

‘A memo published by Barclays suggested that Paul Tucker gave a hint to Bob Diamond, the bank’s chief executive, in 2008 that the rate it was claiming to be paying to borrow money from other banks could be lowered.

His suggestion followed questions from “senior figures within Whitehall” about why Barclays was having to pay so much interest on its borrowings, the memo states.

Barclays and other banks have been accused of artificially manipulating the Libor rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money.’

Read more: The Bank of England Told Us to Do It, Claims Barclays

http://www.davidicke.com/headlines/

Global Elites Thrown Our of Iceland: Iceland Dismantles Corrupt Gov’t Then Arrests All Rothschild Bankers


Wednesday, 20 June 2012

‘Last week 9 people were arrested in London and Reykjavik for their possible responsibility for Iceland’s financial collapse in 2008, a deep crisis which developed into an unprecedented public reaction that is changing the country’s direction.

It has been a revolution without weapons in Iceland, the country that hosts the world’s oldest democracy (since 930), and whose citizens have managed to effect change by going on demonstrations and banging pots and pans. Why have the rest of the Western countries not even heard about it?

Pressure from Icelandic citizens’ has managed not only to bring down a government, but also begin the drafting of a new constitution (in process) and is seeking to put in jail those bankers responsible for the financial crisis in the country. As the saying goes, if you ask for things politely it is much easier to get them.’

Read more: Global Elites Thrown Our of Iceland: Iceland Dismantles Corrupt Gov’t Then Arrests All Rothschild Bankers

The European Stabilization Mechanism, Or How the Goldman Vampire Squid Just Captured Europe


Thursday, 19 April 2012

‘In September 2008, Henry Paulson, former CEO of Goldman Sachs, managed to extort a $700 billion bank bailout from Congress. But to pull it off, he had to fall on his knees and threaten the collapse of the entire global financial system and the imposition of martial law; and the bailout was a one-time affair. Paulson’s plea for a permanent bailout fund—the Troubled Asset Relief Program or TARP—was opposed by Congress and ultimately rejected.

By December 2011, European Central Bank president Mario Draghi, former vice president of Goldman Sachs Europe, was able to approve a 500 billion Euro bailout for European banks without asking anyone’s permission. And in January 2012, a permanent rescue funding program called the European Stability Mechanism (ESM) was passed in the dead of night with barely even a mention in the press. The ESM imposes an open-ended debt on EU member governments, putting taxpayers on the hook for whatever the ESM’s Eurocrat overseers demand.’

Read more: The European Stabilization Mechanism, Or How the Goldman Vampire Squid Just Captured Europe

http://www.davidicke.com/headlines

Canada Launches Its Own Virtual Cash, Called MintChip


By Rebecca Boyle Posted 04.12.2012 at 11:02 am

http://www.popsci.com/technology/article/2012-04/canadian-mint-launches-its-own-virtual-cash-called-mintchip

Canadian Penny Is No More mrgreen09 via Flickr

Next time you visit Canada, you might use digital currency to purchase your poutine, using something called MintChip backed by the Canadian government. The Royal Canadian Mint announced it’s getting rid of the penny and starting a new e-currency instead, and it wants the software community to help develop it.

 The government just launched the MintChip Challenge— which was apparently so popular it’s already fully registered — to seek new digital payment apps for this new virtual currency. The idea is sort of a hybrid, combining the convenience of electronic transactions and the anonymity of cash. It will work via SD cards, but it will have no personal information or bank account data associated with it. It’s sort of like BitCoin but with actual, government-backed value.

 The four-month contest includes 500 developers who will build apps that can demonstrate MintChip’s value. They’ll have to work on a variety of smartphone and desktop browsers. The prize: Solid gold wafers and coins worth about $50,000.

Its anonymity is a pretty unique idea. Other electronic payment systems — PayPal, Square, NFC-enabled phones, etc. — all connect to a person’s credit card or bank account. But cash is a great equalizer; you don’t need to have good credit to use it. MintChip would enable the same type of low-cost transactions for which you’d normally use cash. A Canadian banking group called Interac estimates that small-value transactions under $20 are worth $90 billion to the Canadian economy, the Toronto Star reported.

MintChip still has some kinks to be ironed out, including privacy, security of the currency and other questions. But it’s certainly an interesting concept.

[via Slashdot]